I start each week highlighting previous week's best and worst performing emerging-markets single country exchange-traded funds, using the most heavily traded for each nation. Frontier markets are not included–yet.

Stronger-than-expected U.S. payroll data helped push Dow Jones Industrial Average to 16,000 for the first time last week. This was good and bad news for emerging markets. Northern Asia is likely to benefit from the pickup in U.S. demand for imports, but a stronger U.S. economy also means the Fed is likely to...